Worldcoin’s overarching goal is to facilitate universal access to the global economy, transcending national borders and backgrounds. The cornerstone of this initiative lies in the Orb, a software utilizing iris biometrics to establish and verify individual identities. Once verified, users can create their digital World ID and commence receiving the cryptocurrency tokens.
Worldcoin’s recently released World ID Beta, together with the World App, offers users the ability to leverage their identities pseudonymously across various everyday applications, without revealing personal information. This unique proof of personhood protocol holds promise for addressing challenges arising from the rapid development of AI-powered tools, such as distinguishing between real individuals and bots. Furthermore, developers believe it could potentially aid in providing universal basic income to those affected by AI-induced job displacement.
